Power generation

Power generators are facing a growing number of challenges. They are expected to deliver a stable supply of power despite variable demand and constant disruption―all while lowering operational cost and maintaining exemplary safety standards.

However, despite these obstacles, new growth opportunities are emerging. Implementing measures to digitalize operations, for example, not only empowers the workforce to operate efficiently and remotely, but also positions the entire organization to capitalize within a dynamic market and embrace technological advances.

Renewable and conventional power generation both play a critical role in the evolving energy landscape, but change is needed to accelerate growth and the energy transition while providing safe, reliable, affordable, and sustainable energy.

Accenture empowers power generators to embrace change and safely improve efficiency, reduce costs and drive towards a low-carbon future with confidence.

The US coal market is declining, with the market capitalization of the top four US coal producers down by around 80% from 2011 to 2018. Market, regulatory, and investor forces are squeezing coal generation profitability, and units with the highest operating costs are most at risk of being pushed "out of the money." Operators have a unique opportunity to unlock incremental value by adopting a "run to retire" plan that focuses on optimizing the organization, workforce, assets, and planned capital projects, while at the same time transitioning to a renewable generation portfolio.